Reported Earlier, CRH And Barro Group Set To Acquire Building Materials Leader Adbri For A$2.1B
Portfolio Pulse from Benzinga Newsdesk
CRH plc and Barro Group have proposed to acquire Adbri Ltd for A$2.1 billion, with CRH aiming to purchase the remaining 57% of Adbri's shares not owned by Barro. The offer of A$3.20 per share is based on Adbri's expected 2023 EBITDA, and the acquisition would result in Adbri being delisted from the ASX.
December 18, 2023 | 6:30 am
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CRH plc is part of a partnership to acquire Adbri Ltd for A$2.1 billion, planning to buy approximately 57% of Adbri's shares not owned by Barro Group.
The acquisition of Adbri by CRH plc is significant as it expands CRH's market share and presence in the building materials sector. The news is likely to be viewed positively by investors, as it represents strategic growth for CRH. The confidence in the analysis is high due to the clear intent to acquire and the potential benefits to CRH.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90